Dimensional Fund Advisors LP Has $169 Million Stock Position in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC)

Dimensional Fund Advisors LP lifted its position in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 14.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,696,702 shares of the technology company’s stock after purchasing an additional 349,911 shares during the quarter. Dimensional Fund Advisors LP’s holdings in SS&C Technologies were worth $168,995,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its position in SS&C Technologies by 14.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,292 shares of the technology company’s stock worth $79,000 after purchasing an additional 166 shares during the period. Quent Capital LLC lifted its holdings in shares of SS&C Technologies by 76.8% during the 1st quarter. Quent Capital LLC now owns 396 shares of the technology company’s stock worth $25,000 after acquiring an additional 172 shares during the period. Scotia Capital Inc. lifted its holdings in shares of SS&C Technologies by 0.3% during the 4th quarter. Scotia Capital Inc. now owns 55,124 shares of the technology company’s stock worth $3,369,000 after acquiring an additional 191 shares during the period. Graypoint LLC boosted its position in shares of SS&C Technologies by 2.6% during the 1st quarter. Graypoint LLC now owns 8,230 shares of the technology company’s stock valued at $530,000 after acquiring an additional 207 shares in the last quarter. Finally, Yousif Capital Management LLC increased its stake in SS&C Technologies by 4.9% in the first quarter. Yousif Capital Management LLC now owns 4,477 shares of the technology company’s stock valued at $288,000 after acquiring an additional 211 shares during the period. 96.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other SS&C Technologies news, Director Smita Conjeevaram sold 48,500 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $70.82, for a total value of $3,434,770.00. Following the transaction, the director now directly owns 9,576 shares in the company, valued at approximately $678,172.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Rahul Kanwar sold 412,190 shares of SS&C Technologies stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $73.13, for a total transaction of $30,143,454.70. Following the completion of the sale, the chief operating officer now owns 57,642 shares in the company, valued at approximately $4,215,359.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Smita Conjeevaram sold 48,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $70.82, for a total transaction of $3,434,770.00. Following the completion of the transaction, the director now directly owns 9,576 shares in the company, valued at $678,172.32. The disclosure for this sale can be found here. Insiders sold 590,690 shares of company stock worth $43,377,625 in the last quarter. Insiders own 15.40% of the company’s stock.

SS&C Technologies Trading Down 1.2 %

Shares of SSNC opened at $75.53 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.16. The company has a market cap of $18.54 billion, a price-to-earnings ratio of 30.09 and a beta of 1.38. The stock has a fifty day moving average price of $72.07 and a two-hundred day moving average price of $65.72. SS&C Technologies Holdings, Inc. has a 52-week low of $46.61 and a 52-week high of $76.94.

SS&C Technologies (NASDAQ:SSNC) last released its quarterly earnings results on Thursday, July 25th. The technology company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.07. SS&C Technologies had a return on equity of 17.43% and a net margin of 12.33%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the business posted $0.96 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts predict that SS&C Technologies Holdings, Inc. will post 4.66 EPS for the current fiscal year.

SS&C Technologies declared that its board has authorized a stock repurchase program on Thursday, July 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the technology company to reacquire up to 5.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

SS&C Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.25 per share. This is a boost from SS&C Technologies’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Tuesday, September 3rd. SS&C Technologies’s dividend payout ratio is 39.84%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SSNC. Royal Bank of Canada lifted their price objective on SS&C Technologies from $75.00 to $86.00 and gave the company an “outperform” rating in a report on Thursday. DA Davidson boosted their price target on SS&C Technologies from $88.00 to $92.00 and gave the company a “buy” rating in a research note on Friday. Finally, Needham & Company LLC increased their price objective on SS&C Technologies from $81.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $73.75.

About SS&C Technologies

SS&C Technologies Holdings, Inc, together with its subsidiaries, provides software products and software-enabled services to financial services and healthcare industries. The company owns and operates technology stack across securities accounting; front-office functions, such as trading and modeling; middle-office functions comprising portfolio management and reporting; back-office functions, such as accounting, performance measurement, reconciliation, reporting, processing and clearing, and compliance and tax reporting; and healthcare solutions consisting of claims adjudication, benefit management, care management, and business intelligence solutions.